Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Given the demand data, answer the following questions below.

  Year Sales

1 - 123

2 - 118

3 - 109

4 - 112

5 -100

6 -110

7 -124

8 - ?

What will be the forecast demand in Year 8 using Naïve method?
a.) 120
b.) 110
c.) 115
d.) 124

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